Commerce Bank Sells 2,640 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Commerce Bank lessened its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,695 shares of the basic materials company’s stock after selling 2,640 shares during the quarter. Commerce Bank’s holdings in Air Products and Chemicals were worth $13,307,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals in the second quarter valued at about $32,000. Iron Horse Wealth Management LLC raised its stake in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC raised its stake in Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 136 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in Air Products and Chemicals in the third quarter valued at about $42,000. Finally, Beacon Capital Management LLC raised its stake in Air Products and Chemicals by 128.8% in the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Mizuho boosted their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Wells Fargo & Company boosted their target price on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. The Goldman Sachs Group boosted their target price on Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Citigroup boosted their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a research note on Monday, October 7th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $331.53.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $327.85 on Thursday. The stock has a market capitalization of $72.88 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 3.18 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $332.42. The stock’s 50 day moving average price is $308.70 and its two-hundred day moving average price is $281.76. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.